Empire Metals (LON:EEE) Trading 1.4% Higher – Here’s Why

Empire Metals Limited (LON:EEE)’s share price shot up 1.4% during trading on Thursday . The stock traded as high as GBX 6.20 ($0.08) and last traded at GBX 6.19 ($0.08). 50,121 shares were traded during mid-day trading, a decline of 99% from the average session volume of 3,494,024 shares. The stock had previously closed at GBX 6.10 ($0.08).

Empire Metals Stock Performance

The company has a quick ratio of 20.03, a current ratio of 14.31 and a debt-to-equity ratio of 0.12. The business has a 50 day moving average price of GBX 6.89 and a two-hundred day moving average price of GBX 7.85. The stock has a market cap of £39.27 million, a P/E ratio of -167.50 and a beta of 1.80.

About Empire Metals

Empire Metals Limited engages in the exploration and development of properties in the United Kingdom, Australia, and Austria. The company explores for copper, gold, lithium, titanium, and other minerals. It holds 75% interest in the Eclipse-Gindalbie Project located to the north of Kalgoorlie, Western Australia; 70% interest in the Pitfield Project comprising four granted exploration licenses covering 1,042 square kilometers located in Western Australia; and 70% interest in the Walton project located in Yerilgee greenstone belt near Perth.